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Hedge funders urge Washington to reduce debt

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Bill Ackman, Tom Steyer, Lee Ainslie, John Burbank among those to sign onto the Fix the Debt campaign.

  
 

 Lee Ainslie (Photo: Bloomberg)

Some prominent names at hedge fund firms joined with more than 100 business leaders, mostly chief executives of major companies, to urge lawmakers to reduce the national debt.

The Campaign to Fix the Debt, a non-partisan campaign founded by former deficit commissioners Al Simpson and Erskine Bowles, released a joint statement to Washington today signed by Bill Ackman of Pershing Square Capital Management, Tom Steyer of Farallon Capital Management, Lee Ainslie of Maverick Capital and John Burbank of Passport Capital, among others.

"In order to develop